Constellation Brands, Inc. (STZ) announced today its second‑quarter fiscal 2026 financial results, reporting net sales of $2.48 billion—a 15% decline year‑over‑year—while net income rose to $466 million, or $2.65 per share, compared with a $1.2 billion loss the prior year.
The company’s adjusted earnings reached $3.63 per share, surpassing analyst estimates of $3.38 per share. Operating margin fell 200 basis points, largely due to aluminum tariffs, and the beer business experienced a high‑single‑digit net sales decline, whereas the wine and spirits segment posted double‑digit organic net sales declines.
Constellation reaffirmed its fiscal‑2026 adjusted earnings‑per‑share guidance of $11.30 to $11.60 per share and maintained its full‑year outlook. A conference call to discuss the results and outlook will be hosted by President and CEO Bill Newlands and CFO Garth Hankinson on Tuesday, October 7, 2025 at 8:00 a.m. ET.
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